Business Setup in Ajman Free Zone (AFZA).

Ajman Free Zone Business Setup - Ajman Free Zone (AFZ) was established in the emirate of Ajman in 1988. The inception of Ajman Free Zone catapulted the industrial development and economic growth of Ajman to a new horizon. Ajman Free Zone (AFZ) is managed by the Ajman Free Zone Authority (AFZA), the sole regulatory authority for Free Zones in Ajman. AFZ is investing heavily on the infrastructure development project on more than a million sq. m in the Free Zone. The completion of this project will drastically increase Ajman Free Zone’s infrastructure strength, facilities and capacity.

Ajman Free Zone is strategically located near to the emirates of Dubai and Sharjah. AFZ is located opposite to the Ajman Port. Two international airports and four ports in Ajman and nearby emirates are easily accessible from AFZ.

Business setup in Ajman Free Zone is very attractive to entrepreneurs because of its cost effectiveness, strategic location, low cost of living and conducive business environment.  

For knowing more about setting up your business in Ajman Free Zone, please refer the FAQs and Answers given below:

What are the advantages of setting up a company in Ajman Free Zone – AFZA?

Company Formation in Ajman Free Zone is an appealing idea to investors, because of the following obvious advantages:

100% ownership to foreign nationals.

100% capital and profit repatriation.

0% personal income tax

0% import and export duties

0% corporate tax

Cheap prices on facility usage

Lowest power and electricity charges

Competitive leasing charges

Easy access to low cost labour

Good infrastructure

Single window processing

Simple and easy licensing / documentation procedures.

What are the types of license issued in Ajman Free Zone?

AFZ issues the following four types of license to operate within the Free Zone:

Trading License – for carrying out commercial and trading activities within Ajman Free Zone.

Four types of trading licenses are issued in Ajman Free Zone.

Trading license for one activity.

Trading license for two activities.

Trading license for three activities.

General trading license.

Service License – for carrying out service activities like IT, Marketing and Management Consultancies in the Free Zone.

E-Commerce License – for doing electronic trading / E-commerce activities.

Industrial License – for performing industrial and manufacturing activities as per the environmental and manufacturing policies and regulations in Ajman.

National Industrial License – for those industrial units satisfying the relevant regulations and criteria.

What are the ownership types permitted for setting up a business in Ajman Free Zone (AFZA)?

The following legal forms or ownership types are permitted in Ajman Free Zone:

Free Zone Establishment (FZE)

A single person, either an individual or company, can setup a Free Zone establishment in Ajman Free Zone. Free Zone Establishments registered in Ajman Free Zone enjoys separate legal entity. The minimum share capital required to setup a Free Zone Establishment in AFZ is US$ 50,000 (approximately AED 185, 000)

Free Zone Company (FZCo)

When there are multiple shareholders, the ideal legal for is a Free Zone Company. The share of each shareholder will be determined through legal document (Memorandum of Association). The liability of the shareholders of a Free Zone Company (FZCo) is limited. An individual or a company can become shareholders in a Free Zone Company (FZCo) in AFZ.

Branch of a Local Company (BLC)

A company registered in any of the Emirates in UAE can open a branch in Ajman Free Zone. The parent company will be the 100% owner of the branch in AFZ.

Branch of a Foreign Company (BFC)

A foreign company registered outside UAE can open a branch or representative office in AFZ. The foreign company branch will be under the complete ownership of parent company alone.   

What are the types of facilities available in Ajman Free Zone for business setup?

Smart Office – suitable for start-ups to setup business quickly at lowest cost. Eligible for two visa.

Executive Offices – available at different sizes. Eligible up to five visa.

Business Centre – Custom sized office space can be availed at business center also.

Warehouses – with all service facilities and specifications starting from 100 sq. m.

Lands - of appropriate size are available for industrial investment.

What is the cost of setting up a business in Ajman Free Zone (AFZA)?

The cost of setting up a company in Ajman Free Zone depends upon the activity(s) and facility selected by you. The packages offered by AFZ are cost effective.

Please feel free to contact me for a cost estimate and free consultation.

Can I avail installment payment facility for setting up a company in Ajman Free Zone (AFZA)?

Yes, Ajman Free Zone (AFZ) provides installment payment packages for setting up business. 1 Payment, 2 Payments, 3 Payments, 12 Payments packages are available for setting up a company in AFZ.

Mr. Baiju Masoodu is a Free Zone Business Set-up Consultant. Our ‘corporate service firm’ can advise and assist you to set-up a business in Ajman Free Zone and other Free Zones in Dubai and UAE. For a free consultation & cost estimate, call me on: +971 50 214 1476 or mail me at: baijumasoodu@gmail.com

Reference:
AFZA

 

© 2016 Baiju Masoodu - Business & Finance Consultant. All rights reserved.
Privacy Policy & Terms of Use | Sitemap